This new integration gives Calyx Point users access to state-of-the-art resources through the LOS.

“We are very excited to work with Calyx,” LodeStar CEO and Founder Jim Paolino said. “This integration will give their lender clients greater access to settlement services and title providers and help automate what was previously a somewhat manual process of filling out the loan estimate and closing disclosure.”

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“Instead of having to wait days for title agents to send back their fees, lenders can populate them within seconds right into Point,” Paolino said.

The software will enable users to generate a quote from LodeStar’s loan estimate calculator without duplicating any data entry. A quote is then returned instantly to Point in the Consumer Financial Protection Bureau format, including settlement fees, title insurance premiums, municipal recording charges and transfer taxes for any location in the U.S.

Clients can choose to set up their own settlement service providers’ fees in the system, or they can opt to work with LoneStar’s national network of settlement agents.

“We’re pleased to be integrated with an innovative partner like LodeStar,” said Dennis Boggs, CalyxSoftware vice president of business development.

“This partnership will not only give our customers access to LodeStar’s network of settlement service providers, but will also accelerate the loan estimate process, eliminate the need for duplicate data entry and reduce the risk of non-compliance with TRID,” Boggs said.

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Kelsey Ramírez is a Reporter at HousingWire. Ramírez is a journalism graduate of University of Texas at Arlington. Ramírez previously covered hard issues such as homelessness and domestic violence and began at HousingWire as an Editorial Assistant.

This month inHousingWire magazine

The appraisal industry is in the midst of huge disruption as automated valuation models and hybrid appraisal products gain favor with regulators and investors. What does the future hold for appraisers and appraisal companies as they adjust to the new realities of automation?

Feature

As Millennials grapple with paying off student loans, their opportunity to buy a home gets pushed further and further into the future. That delay has consequences far beyond individual students — the growing student debt crisis impacts every part of the economy.

Commentary

There has been a conscious and rapid shift to broaden the use of alternative valuation products for origination. Not every decision needs a $500, full-blown 1004 interior appraisal. And in some markets where appraisers are short in number, the turn times can stretch from days to weeks. What these new alternative — some would say disruptive — valuation products do is enable lenders and servicers to better match the product to the risk by harnessing big data and technology.